Emerald Mutual Fund Advisers Trust Raises Position in Bowman Consulting Group Ltd. $BWMN

Emerald Mutual Fund Advisers Trust raised its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 74.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 50,357 shares of the company’s stock after acquiring an additional 21,515 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Bowman Consulting Group were worth $1,448,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BWMN. Brooklyn Investment Group purchased a new stake in shares of Bowman Consulting Group in the 1st quarter valued at about $45,000. AlphaQuest LLC purchased a new stake in Bowman Consulting Group in the second quarter valued at approximately $103,000. Emerald Advisers LLC raised its stake in Bowman Consulting Group by 105.9% in the second quarter. Emerald Advisers LLC now owns 6,333 shares of the company’s stock valued at $182,000 after purchasing an additional 3,257 shares in the last quarter. Comerica Bank raised its stake in Bowman Consulting Group by 7.0% in the first quarter. Comerica Bank now owns 11,532 shares of the company’s stock valued at $252,000 after purchasing an additional 751 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Bowman Consulting Group during the 1st quarter valued at $287,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN opened at $43.27 on Friday. The stock has a market cap of $746.41 million, a PE ratio of 72.12 and a beta of 1.31. The company’s fifty day moving average is $42.32 and its 200 day moving average is $33.46. Bowman Consulting Group Ltd. has a 52 week low of $17.90 and a 52 week high of $45.83. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling

In other news, Director Stephen A. Riddick sold 3,000 shares of Bowman Consulting Group stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $41.04, for a total value of $123,120.00. Following the transaction, the director owned 18,461 shares in the company, valued at approximately $757,639.44. The trade was a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bruce J. Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $42.37, for a total value of $423,700.00. Following the completion of the transaction, the chief financial officer directly owned 385,560 shares in the company, valued at $16,336,177.20. This trade represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 64,350 shares of company stock worth $2,728,816 in the last ninety days. Corporate insiders own 17.42% of the company’s stock.

Wall Street Analyst Weigh In

BWMN has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. B. Riley raised their price target on Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.17.

About Bowman Consulting Group

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.